Bangladesh’s Deshbandhu Group to set up apparel factory in UEPZ

Source : http://news.apparelresources.com

Deshbandhu Textile Mills Limited, a concern of Bangladesh’s leading business conglomerate Deshbandhu Group, will set up a readymade garment factory at a cost of US $ 53.77 million (Taka 435 crore) at the Uttara Export Processing Zone (UEPZ).

The UEPZ, also known as Uttara EPZ or Nilphamari EPZ, is the seventh of the eight export processing zones in Bangladesh. It is reportedly the only export processing zone in the Rangpur Division of the country.

It is worth mentioning that Deshbandhu Group had recently signed an agreement in this regard with the Bangladesh Export Processing Zones Authority (BEPZA). Zillur Rahman, Member of BEPZA, and Sarwar Jahan Talukder, Advisor of Deshbandhu Textile Mills Limited, were the signatories from the respective organisations. Golam Mostafa, Chairman of Deshbandhu Group, also attended the signing ceremony.

This 100 per cent export-oriented venture will produce 27.6 million pieces of denim and woven trousers annually, mainly to cater to the European market. The new garment unit of the Group would also reportedly provide employment opportunities to around 3,713 Bangladesh nationals.

As per sources, the new unit of Deshbandhu Group will be equipped with the best-in-class machines from Europe, Japan, Korea and China.

Besides readymade garments, Deshbandhu Group’s other business interests are manufacturing and marketing of refined sugar, PP woven bag, cement, ship management, automatic rice milling, media, power production, real estate development and fertilisers, and trading of bulk commodities.



Categories: Bangladesh, Economic

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